Locati Edge
- Assets
- $565.1k
- Revenue
- $229.8k
- Investments
- $475.4k
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- Data as of
- 12/2021
- EIN
- 84-4061522
Organization Overview
Locati Edge is located in Bozeman, MT. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Locati Edge is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Locati Edge generated $229.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $22.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Locati Director | 1 | $0 | |
Jerry Locati President | 1 | $0 | |
Kirsten Smith Secretary | 1 | $0 | |
Nancy Ockford Treasurer | 1 | $0 | |
Kyle Tage Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $226,661 |
| Interest on Savings | $13 |
| Dividends & Interest | $3,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,548 |
| Total operating and administrative expenses | $7,195 |
| Contributions, gifts, grants paid | $14,921 |
| Total expenses and disbursements | $22,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,637 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $565,085 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Locati Edge has awarded $14,921 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLAKE PALMQUIST PURPOSE: TRAVEL ABROAD-SOCCER | $10,000 |
JAYCE JOHANSON PURPOSE: WASHINGTON DC SCHOOL TRIP | $1,500 |
HENRY RIENDEAU PURPOSE: SKI RIDGE TRAINING | $1,044 |
OWEN RIENDEAU PURPOSE: SKI RIDGE TRAINING | $1,044 |
BOONE BURDETTE PURPOSE: GUITAR LESSONS AT NORTH VALLEY MUSIC SCHOOL | $833 |
NORA JOHNSTON PURPOSE: PRE-SCHOOL TUITION TO ST MARY'S CATHOLIC SCHOOL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |
Branches Foundation Sioux Falls, SD | $29,470,613 | $4,463,228 |
Mdekfse Family Foundation Meridian, ID | $12,689,894 | $541,122 |
Clark Fork Manor Inc Missoula, MT | $6,226,553 | $2,581,327 |
Edson & Margaret Larson Foundation Grand Forks, ND | $49,885,317 | $8,448,045 |